So get your questions together, and use this step-by-step guidebook to develop option strategies that meet your investment objectives: hedging your stock market risk, increasing your portfolio income, or improving your trading results. Options for the Stock Investor thoroughly explains how to use stock options safely and effectively. He recommends specific strategies for investors with various risk tolerances and investment goals. Authoritative and enlightening, this book is complete with tests and a graphic summary of option strategies. For individual investors seeking to profit with options, Options for the Stock Investor is an invaluable resource.
Specific topics include:. Trading Index Options by James B. Designed and written for active traders who are interested in practical information that can improve their results, Trading Index Options offers tried-and-true techniques without a lot of theory and math. Bittman provides traders with the know-how to evaluate practical situations and manage positions.
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Among the key features: the basics of index options, including various spreads; how to match strategies with forecasts; alternatives for losing positions; the importance of price behavior and volatility. A windows-based software program that provides multiple option pricing and graphing is included in the package.
With ready-to-use, battle-tested information on virtually every page, this amazing book: Explains how toption prices behave, letting you stay focused on market activity. Provides proven techniques to understand risk and limit your exposure. Covers trading psychology-how to think and trade with discipline.
Presents strategies from basic to complex-buying, selling, spreads, straddles and more with case studies to demonstrate each. Short on hard-to-comprehend mathematics and long on tried-and-true tactics and strategies, Trading Index Options is fast becoming the bible for index option mastery.
Volatility Trade Dies: What Investors Should Do Now - Barron's
Now revised and updated, the Third Edition of this best-selling guide provides a clear, no-nonsense explanation of the risks and rewards of using options, ranging from options basics to hedging and speculating to options pricing. This new edition of All About Options covers the dramatic changes in technology, world finance, and market conditions that have take place in recent years. Designed to serve as a convenient source of basic information about options, one of the most misunderstood products in the investment world, this handbook offers the reader a practical explanation of how the option market works, covering equity options, index options, foreign currency options, interest rate options.
It aims to give comprehensive guidance on the subject, concentrating principally on equity options, one of the most important — and popular — options instruments. Mastering Derivatives Markets: A step-by-step guide to the products, applications and risks by Francesca Taylor. She demonstrates a passion for these markets and for learning.
Best for most futures options
In a fast changing world, the combination of technical learning and practical experience that Francesca applies is helpful in keeping abreast of market developments. Mastering Derivatives Markets provides full up-to-the-minute explanations — with worked examples and screen shots — covering the basics of options, swaps and futures across the key asset classes: rates, currency, equity, commodity and credit.
This book is relevant to anyone working within the financial markets, from the new entrant to the seasoned trader looking for updates, and to non-trading personnel working in IT, legal, compliance, risk, credit and operations. Mastering Derivatives Markets Fourth Edition has been completely revised and features new chapters on:. We always have a copy to hand for quick reference. McMillan on Options by Lawrence G.
Legendary trader Larry McMillan does it-again-offering his personal options strategies for consistently enhancing trading profits. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. Only when investors perceive neither significant downside risk nor significant upside potential will the VIX be low.
VIX is sometimes criticized as a prediction of future volatility. It instead is a measure of the current price of index options. Despite their sophisticated composition, critics claim the predictive power of most volatility forecasting models is similar to that of plain-vanilla measures, such as simple past volatility.
Some practitioners and portfolio managers seem to ignore or dismiss volatility forecasting models. In a similar vein, Emanuel Derman expressed his disillusion with empirical models unsupported by theory.
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Michael Harris argued that VIX just tracks the inverse of price and has no predictive power. VIX should have predictive power as long as the prices computed by the Black-Scholes equation are valid assumptions about the volatility predicted for the future lead time the remaining time to maturity. Robert J. Shiller argued that it would be circular reasoning to consider VIX to be proof of Black-Scholes, because they both express the same implied volatility.
He also finds that calculating VIX retrospectively in does not predict the highest-ever volatility of the Great Depression , due to the anomalous conditions of the event, VIX cannot predict, even weakly, any future severe events. On February 12, , a letter was sent to the Commodity Futures Trading Commission and Securities and Exchange Commission by a law firm representing an anonymous whistleblower alleging manipulation of the VIX.
From Wikipedia, the free encyclopedia. For other uses, see Vix disambiguation. Financial Analysts Journal. The Journal of Derivatives. Retrieved 7 March Retrieved See the definition volatility for a discussion of computing inter-period volatility. To see what your friends thought of this book, please sign up. To ask other readers questions about Keys to Investing in Options and Futures , please sign up.
Be the first to ask a question about Keys to Investing in Options and Futures. Lists with This Book. This book is not yet featured on Listopia. Community Reviews. Showing Rating details. More filters. Sort order. Apr 05, David Robins rated it really liked it. Good solid coverage of the topics of options and futures; not more, but it doesn't claim to be. Michael added it Sep 17, Yashi Jain added it Jun 24, Rowland Lewis marked it as to-read Mar 02, Srkota marked it as to-read Mar 19, PortCityDeDe marked it as to-read Dec 28,